Alphabet shares were 3 per cent higher at $1,003 in after-hours trading. If the shares close above this level today, the company will have a market capitalisation of more than $700 billion, becoming the second to reach the milestone after Apple. Most of Alphabet’s profit comes from advertising sales at Google but an increasing proportion comes from its fast-growing cloud-computing business. Alphabet shares have climbed by nearly 26 per cent this year. Advertising sales at Google, which includes…

Source: The Times October 26, 2017 23:15 UTC